HATTIESBURG AREA ASSOCIATION OF REALTORS (EIN 640628633) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1959

Legal Domicile

Phone

6015820099

Tax Period

2025-01-01 to 2025-12-31

HATTIESBURG AREA ASSOCIATION OF REALTORS, founded in 1959, is a small nonprofit that reported $571K in total revenue in fiscal year 2025. Expenses of $528K left a modest 7% surplus.

Mission

TO SERVE ITS MEMBERS WITH INTEGRITY, PROMOTE EDUCATION, AND PROVIDE RESOURCES THAT WILL ENABLE THEM TO CONDUCT BUSINESS SUCCESSFULLY. TO PROMOTE AND ENFORCE ETHICAL STANDARDS, ENCOURAGE REAL PROPERTY OWNERSHIP, AND IMPROVE THE QUALITY OF LIFE IN THE COMMUNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $543,453

Investment Income $9,132

Other Revenue $17,958

TOTAL REVENUE $570,543

Expense Breakdown

Grants Paid $0

Salaries & Benefits $165,304

Fundraising Expenses $0

Program Expenses $355,894

Other Expenses $362,789

TOTAL EXPENSES $528,093

Year-over-Year Comparison

	2025	2024	Change
Revenue	$570,543	$597,367	0.0%
Expenses	$528,093	$522,555	+0.0%
Net Income	$42,450	$74,812	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAULA BRAHAN	DIRECTOR	2.00	Director	$0	$0	$0
SHERRY PULLENS	PRESIDENT	2.00	Officer Director	$0	$0	$0
LISA WELLS	PRESIDENT	2.00	Officer Director	$0	$0	$0
JIM COX	DIRECTOR	2.00	Director	$0	$0	$0
ALICE CROTWELL	DIRECTOR	2.00	Director	$0	$0	$0
SHERRY POLLES	TREASURER	2.00	Officer Director	$0	$0	$0
ANNA MARIE BONNER	DIRECTOR	2.00	Director	$0	$0	$0
ANN MCWILLIAMS	DIRECTOR	2.00	Director	$0	$0	$0
KIRBY HARRELL	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT REEDER	DIRECTOR	2.00	Director	$0	$0	$0
PAUL DUNBAR	SECRETARY	2.00	Officer Director	$0	$0	$0
TRUDY BOUNDS	EXECUTIVE DIRECTOR	40.00	Key Emp	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$570,543	$528,093	$1,357,086	$42,450
2024	No data	No data	No data	No data
2023	$550,925	$489,005	$1,222,295	$61,920
2022	$529,826	$437,789	$1,154,703	$92,037
2021	$475,196	$396,862	$1,130,422	$78,334
2020	$398,387	$352,206	$1,063,312	$46,181

HATTIESBURG AREA ASSOCIATION OF REALTORS